Zambia Act or statute

Zambia legislation

Income Tax (Special Provisions) Act, 1982

act titleamalgamationasset transferscapital allowancescapital expenditurecitationcorporate taxdeductionsdefinitionsloan agreementsloss carry-forwardregulatory timingtax exemption

Jurisdiction: Zambia
Structure: 8 provisions
Citation: Act 3 of 1982
Dates: Source version 15 Mar 1982

More statute details

Dates: Source version 15 Mar 1982

Publicly available, excluded from search-engine indexing

This page remains available for direct research for the following reasons:

The record does not meet this release's canonical indexing criteria. (market-indexing-disabled)
The record does not meet this release's canonical indexing criteria. (emergency-noindex)

On this page

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

Purpose and legislative effect

“This provision states the Act’s short title: the Income Tax (Special Provisions) Act, 1982.”

This provision states the Act’s short title: the Income Tax (Special Provisions) Act, 1982. This Act comes into operation on 17 March 1982. This section defines “Heads of Agreement” for this Act, unless the context otherwise requires. For capital allowances calculations, certain transfers of assets are treated as transfers between companies under common control if the parties elect. Certain pre-1982 income tax or mineral tax losses are to be carried forward or set off for Roan Consolidated Mines Limited, and treated as arising from the same source for sections 30 and 30A of the Income Tax Act.

How the instrument operates

01
Start with the recorded version

Source version 15 Mar 1982. The date shown identifies this source expression and should not be treated as proof that no later change exists.
02
Locate the controlling provision

Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.
03
Read conditions and exceptions together

Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.
04
Verify currency and official wording

Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

This Act may be cited a.s tho Income Tax (Special

This provision states the Act’s short title: the Income Tax (Special Provisions) Act, 1982.

Section 1

In this Act, unless the context otherwise requires

This section defines “Heads of Agreement” for this Act, unless the context otherwise requires.

Section 3

Any income tax or mineral tax losses incurred before or

Certain pre-1982 income tax or mineral tax losses are to be carried forward or set off for Roan Consolidated Mines Limited, and treated as arising from the same source for sections 30 and 30A of the Income Tax Act.

Section 5

There shall be exempt from tax income received by

Income received by way of subsidy for the Broken Hill Division is exempt from tax, subject to clause 7(3) of the Heads of Agreement.

Section 6

Where in connection with any loan agreement entered

An existing tax approval and related tax exemption for certain foreign organisations continue even if the relevant loan agreement is novated or amended.

Section 8

Source and current-law status

Source record view

Source record from zambialii.org · Source version 15 Mar 1982

Verify current force

The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.

For advice, pleadings, or compliance decisions, retain the official source and confirm the current consolidated provision.

Official record

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Search within this statute

Search all stored provisions in this version.

Showing 8 of 8 provisions

Provision 4Short title 2CommencementAmendment

§ 1This Act may be cited a.s tho Income Tax (SpecialShort title

This provision states the Act’s short title: the Income Tax (Special Provisions) Act, 1982.

1. This Act may be cited a.s tho Income Tax (Special Provisions) Act, 1982.

Section 1Verify source

§ 2This Act shall come into operation on the 17th March,Commencement

This Act comes into operation on 17 March 1982.

2. This Act shall come into operation on the 17th March, 1982.

Section 2Verify source

§ 3In this Act, unless the context otherwise requiresShort title

This section defines “Heads of Agreement” for this Act, unless the context otherwise requires.

3. In this Act, unless the context otherwise requires- " Heads of Agreement " means the Heads of Agreement echedulod to the Amalgamation ofMining Companies (Special Provisions) Act, 1982, made on the 22nd December, 1981 (as varied by Supplemental Head� of Agreement dated the 10th February, 1982), between the Government of the Republic of Zambia, Zambia. Industrial a.nd !\fining Corporation Limited, N cha.nga Consolidated Copper Mines Limited, Roan Consoli dated Mines Limited, RST International Inc., Zambia Copper Investments Limited, and ZCI Holdings Limited. Enaotmen, Short Title Commenoe mont lnterpre taLl<m. Act No. 2 of 1982

Section 3Verify source

§ 4For the purpose of calculating capita.I allowances or theProvision

For capital allowances calculations, certain transfers of assets are treated as transfers between companies under common control if the parties elect.

4. For the purpose of calculating capita.I allowances or the residue of capital expenditure unredeemed, in accordance with the provisions of paragraphs 15, 17 and 27 of the Fifth Schedule to the Income Tax Act, any transfer of assets from Controlled eales l\nd tranafers Cap, 668 Single copiu of lhia Act m(ly be oltail"ed from 1114 G011,mmem Printer, P.O. Box 30136, Ludaka. Prioe l0n. • 52 No. 3 of 1982) lncomeTa:r: (Special Provis-ions) Tax losses Cap. 668 Exemption from tax Deduction of oosts. Cap. 668 Continuation of o.pprovala of foreign organL-.ations Cap. 668 :Mines Limited to Roan Nchanga Consolidated Copper Consolidated Mines Limited pursuant to the scheme of arrange ment referred to in the Heads of Agreement shall be deemed to be a. transfer of assets between companies under common control, if the parties to the transfer so elect.

Section 4Verify source

Part

Schedule to the Income Tax Act, any transfer of assets from

§ 5Any income tax or mineral tax losses incurred before orProvision

5. Any income tax or mineral tax losses incurred before or during the charge year ended 31st March, 1982, by Nchanga. Consolidated Copper Mines Limited and which have not been dedu�ed from that company's income shall be carried forward and added to tho income tax or mineral tax losses or set off against the chargeable income, as the case may be, of Roan Consolidated Mines Limited and for the purposes of sections thirty and thirty A of the Income Tax Act such losses shall be regarded as arising from the same source.

Section 5Verify source

§ 6There shall be exempt from tax income received byProvision

Income received by way of subsidy for the Broken Hill Division is exempt from tax, subject to clause 7(3) of the Heads of Agreement.

6. There shall be exempt from tax income received by way of subsidy in respect of the Broken Hill Division as provided in clause 7 (3) of the Heads of Agreement.

Section 6Verify source

§ 7Notwithstanding the provisions of section twenty-nine ofProvision

Costs tied to the Heads of Agreement and the amalgamation described here may be deducted by the people who bear those costs, despite section 29 of the Income Tax Act.

7. Notwithstanding the provisions of section twenty-nine of the Income Tax Act, a.II fees, costs and disbursements (including those of legal, accountancy and other advisers) incurred in connection with or incidental to the preparation of the Heads of Agreement, the implementation of the arrangements specified therein or otherwise relating to the amalgamation of N changa Consolidated Copper Mines Limited and Roan Consolidated Mines Limited, shall be allowed as a deduction in ascertaining the gains or profits of the persons bearing such costs.

Section 7Verify source

§ 8Where in connection with any loan agreement enteredAmendment

An existing tax approval and related tax exemption for certain foreign organisations continue even if the relevant loan agreement is novated or amended.

8. Where in connection with any loan agreement entered into with Ncha.nga Consolidated Copper Mines Limited or Roan Consolidated Mines Limited any foreign organisation has been approved by statutory instrument under section fifteen of the Income Tax Act and the income and emoluments of any such foreign organisation have in consequence of such approval been exempt from tax, such approval and such exemption shall continue in force according to their terms notwithstanding the nova.tion or amendment of any such agreement in connection with the scheme of arrangement referred to in the Heads of Agreement.

Section 8Verify source

Legislative relationships

3 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

A–F

2 instruments

Agreement echedulod to the Amalgamation ofMining Companies (Special Provisions) Act, 1982
Section 3
Fifth Schedule to the Income Tax Act
Section 4

G–M

1 instrument

Income Tax Act
Sections 5, 7, 8

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint

15 Mar 1982 · currentEnglish

This relationship view does not by itself establish whether another instrument remains in force.

Check official source

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.